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Price of 4757619052 Barrels Crude-oil-brent

4757619052 Barrels of Crude-oil-brent is equal to
= $309245238380
4757619052 barrels of crude-oil-brent = $309245238380
47576190520 barrels of crude-oil-brent = $3092452383800
475761905200 barrels of crude-oil-brent = $30924523838000
4757619052000 barrels of crude-oil-brent = $3.0924523838E+14
More Price Conversion:
695 barrels of crude-oil-brent
862000 barrels of crude-oil-brent
2168413377 barrels of crude-oil-brent

*please enter quantity number, select a unit and the type of commodity goods, then click getPrice button.

Precious Metals & Solid Commodity:
Oils & Fuel:
Agricultures & Livestocks:

*The average price as of Nov 2024.
Source: markets.businessinsider.com

Average Commodity Price

Use this tool to find the average price of commodities.

What is a commodity?

In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.

The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price.

Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory.